Can I retire at age 40 with 597,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$49,300$48,861$48,432$48,014$47,606$46,474
2 years$24,406$23,951$23,511$23,084$22,669$21,536
3 years$16,109$15,652$15,213$14,790$14,382$13,282
4 years$11,961$11,506$11,071$10,655$10,258$9,199
5 years$9,473$9,021$8,592$8,184$7,798$6,784
6 years$7,815$7,366$6,943$6,545$6,170$5,203
7 years$6,631$6,186$5,770$5,381$5,018$4,097
8 years$5,744$5,303$4,893$4,514$4,163$3,288
9 years$5,054$4,617$4,215$3,845$3,506$2,676
10 years$4,502$4,070$3,674$3,314$2,987$2,201
11 years$4,051$3,623$3,235$2,885$2,569$1,826
12 years$3,676$3,252$2,871$2,530$2,226$1,525
13 years$3,358$2,939$2,565$2,234$1,941$1,281
14 years$3,086$2,671$2,305$1,983$1,702$1,080
15 years$2,851$2,440$2,081$1,768$1,498$915
16 years$2,645$2,239$1,887$1,583$1,324$777
17 years$2,463$2,062$1,717$1,423$1,174$661
18 years$2,302$1,905$1,567$1,282$1,044$564
19 years$2,158$1,766$1,435$1,158$931$482
20 years$2,029$1,641$1,317$1,049$831$413
21 years$1,912$1,528$1,211$952$744$354
22 years$1,806$1,427$1,116$866$667$303
23 years$1,709$1,334$1,031$788$598$260
24 years$1,621$1,250$953$719$538$224
25 years$1,539$1,173$883$657$484$192
26 years$1,464$1,103$819$601$436$166
27 years$1,395$1,038$760$550$393$143
28 years$1,331$978$707$504$355$123
29 years$1,271$922$658$462$320$106
30 years$1,215$871$613$424$289$91
31 years$1,163$824$571$389$262$79
32 years$1,115$779$533$358$237$68
33 years$1,069$738$498$329$214$58
34 years$1,026$699$465$303$194$50
35 years$986$663$435$279$176$44
36 years$948$630$407$257$159$38
37 years$912$598$381$236$144$32
38 years$879$568$356$218$131$28
39 years$847$540$334$201$119$24
40 years$816$514$313$185$108$21
41 years$787$489$293$171$98$18
42 years$760$466$275$158$89$16
43 years$734$444$258$146$80$13
44 years$709$423$242$135$73$12
45 years$686$404$228$124$66$10
46 years$663$385$214$115$60$9
47 years$642$368$201$106$55$7
48 years$621$351$189$98$50$6
49 years$602$335$177$91$45$6
50 years$583$320$167$84$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $597,000, adding $4,804 every year, while hoping to spend $24,649 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 37/50/13 Blend
39$597,000$597,000$597,000$597,000
40$662,849$631,208$621,955$684,572
41$704,234$635,911$616,564$705,265
42$749,013$640,018$610,166$724,873
43$797,508$643,475$602,702$745,513
44$850,070$646,221$594,109$767,289
45$907,087$648,196$584,322$790,318
46$968,984$649,332$573,271$814,729
47$1,036,230$649,559$560,885$840,668
48$1,109,340$648,802$547,089$868,293
49$1,188,881$646,981$531,805$897,785
50$1,275,476$644,013$514,950$929,342
51$1,369,812$639,807$496,438$963,187
52$1,472,644$634,268$476,180$999,563
53$1,584,802$627,296$454,080$1,038,746
54$1,707,202$618,784$430,042$1,081,039
55$1,840,851$608,618$403,963$1,126,779
56$1,986,856$596,679$375,734$1,176,342
57$2,146,438$582,839$345,244$1,230,142
58$2,320,941$566,964$312,376$1,288,642
59$2,511,844$548,912$277,007$1,352,353
60$2,720,774$528,531$239,009$1,421,844
61$2,949,527$505,663$198,249$1,497,743
62$3,200,076$480,137$154,588$1,580,750
63$3,474,596$451,777$107,879$1,671,638
64$3,775,483$420,392$57,971$1,771,264
65$4,105,375$385,784$4,706$1,880,578
66$4,467,176$347,740$0$2,000,631
67$4,864,088$306,039$0$2,139,820
68$5,299,634$260,444$0$2,293,370
69$5,777,697$210,707$0$2,462,079
70$6,302,554$156,563$0$2,647,552
71$6,878,915$97,736$0$2,851,565
72$7,511,971$33,931$0$3,076,080
73$8,207,438$0$0$3,323,265
74$8,971,613$0$0$3,614,861
75$9,811,436$0$0$3,955,928
76$10,734,549$0$0$4,330,914
77$11,749,373$0$0$4,743,250
78$12,865,187$0$0$5,196,717
79$14,092,210$0$0$5,695,482
80$15,441,706$0$0$6,244,136
81$16,926,081$0$0$6,847,735
82$18,559,006$0$0$7,511,852
83$20,355,542$0$0$8,242,626
84$22,332,287$0$0$9,046,824
85$24,507,524$0$0$9,931,899
86$26,901,402$0$0$10,906,063
87$29,536,120$0$0$11,978,368
88$32,436,138$0$0$13,158,784
89$35,628,410$0$0$14,458,298
90$39,142,632$0$0$15,889,019
91$43,011,529$0$0$17,464,287
92$47,271,158$0$0$19,198,801
93$51,961,252$0$0$21,108,761
94$57,125,591$0$0$23,212,014
95$62,812,418$0$0$25,528,229
96$69,074,892$0$0$28,079,079
97$75,971,590$0$0$30,888,444
98$83,567,060$0$0$33,982,642
99$91,932,427$0$0$37,390,671
100$101,146,071$0$0$41,144,486